Unum Group Stock Forecast
Unum Group stock price down 1.19% on Friday
(Updated on Apr 26, 2024)
The Unum Group stock price fell by -1.19% on the last day (Friday, 26th Apr 2024) from $51.36 to $50.75. During the last trading day the stock fluctuated 1.15% from a day low at $50.54 to a day high of $51.12. The price has been going up and down for this period, and there has been a 0.89% gain for the last 2 weeks. Volume has increased on the last day by 393 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 991 thousand shares were bought and sold for approximately $50.28 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $50.70 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.29% during the next 3 months and, with a 90% probability hold a price between $55.92 and $61.44 at the end of this 3-month period.
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UNM Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.60%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Unum Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $51.40 and $51.96. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Unum Group stock
Unum Group finds support from accumulated volume at $49.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.580 between high and low, or 1.15%. For the last week, the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UNM) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Unum Group to open at $50.80, and during the day (based on 14 day Average True Range), to move between $49.94 and $51.56, which gives a possible trading interval of +/-$0.81 (+/-1.60%) up or down from last closing price. If Unum Group takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.09 (0.67%) than the support at $49.45 (2.56%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Unum Group will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.97. We will update the financials statements for Unum Group, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.70% in the first trading day after earnings release.
Is Unum Group stock A Buy?
The Unum Group stock holds several negative signals and despite the positive trend, we believe Unum Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.467 Sell Candidate Unchanged
Predicted Opening Price for Unum Group of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $50.80 ( 0.105%) | $50.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.38 | 1.25 % | |
| R2 | 51.16 | 0.81 % | ||
| R1 | 51.02 | 0.542 % | ||
| Current price: | 50.75 | |||
| Support | S1 | 50.58 | -0.331 % | |
| S2 | 50.44 | -0.601 % | ||
| S3 | 50.22 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.11 | 2.68 % | |
| R2 | 51.36 | 1.20 % | ||
| R1 | 51.09 | 0.670 % | ||
| Current price | 50.75 | |||
| Support | S1 | 49.45 | -2.56% | |
| S2 | 49.20 | -3.05% | ||
| S3 | 48.34 | -4.75% |
UNM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 17, 2024 | $0.365 | 0.719% |
| 2 | Jan 12, 2024 | Jan 25, 2024 | Feb 16, 2024 | $0.365 | 0.749% |
| 3 | Oct 13, 2023 | Oct 26, 2023 | Nov 17, 2023 | $0.365 | 0.86% |
| 4 | Jul 14, 2023 | Jul 27, 2023 | Aug 18, 2023 | $0.365 | 0.748% |
| 5 | Apr 14, 2023 | Apr 27, 2023 | May 19, 2023 | $0.330 | 0.712% |
FAQ
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